Irish Revenue has issued eBrief No. 202/20 regarding updates to the tax and duty manual on the Research and Development Credit, which is provided for research and development (R&D) activities and for expenditure on buildings used for R&D. The main update is the addition of a new paragraph 2.1 in relation to 2020 refunds and changes to address the impact of COVID-19. Normally, excess credits may be paid in 3 instalments over 33 months from the end of the accounting periods in which the expenditure occurred, but due to COVID-19 expedited payment is being provided. --- 2.1. Changes to address...